Etihad Credit Insurance (ECI), the UAE’s federal export credit agency, announced that its Xport Xponential programme mobilised Dh174 million in working capital for small and medium-sized enterprises (SMEs). The funding was raised through four banking partners—First Abu Dhabi Bank, Commercial Bank of Dubai, Ajman Bank, and Al Maryah Community Bank.
Launched in May 2024 under the ‘Make It in the Emirates’ forum, the initiative targeted ten high-growth SMEs from 42 applicants. Collectively, these companies have generated Dh2.1 billion in turnover and are now preparing to enter four strategic markets—Indonesia, India, Saudi Arabia, and Oman—with a combined export potential of Dh31.3 billion over the next four years.
During the ceremony, Bin Touq stated that the scheme supports the UAE’s goal to grow non-oil exports to Dh800 billion and non-oil trade volume to Dh4 trillion by 2031, in line with the “We the UAE 2031” strategy. CEO Raja Al Mazrouei added that the programme “identifies high-potential export markets” and connects local firms with international buyers through trade finance and insurance.
This funding builds on ECI’s 2024 annual performance, where insured turnover reached Dh16.2 billion, covering 17 sectors and exports to over 100 countries, including Saudi Arabia, India, Singapore, the UK, the EU, and the US. The agency also expanded its gross exposure to Dh11 billion, a 14.6% increase from 2023
